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News Now

Washington
Royce CUNA one of most effective organizations
WASHINGTON (3/7/08)—Just a day after representatives from at least 18 state credit union leagues hiked Capitol Hill to share the credit union message, Rep. Ed Royce (R-Calif.) called the Credit Union National Association (CUNA) one of the “most effective organizations” he’s ever seen on the hill. Royce, who introduced the Credit Union Regulatory Relief Act (CURRA, H.R. 5519) with Rep. Paul Kanjorski (D-Pa.) Monday, was one of three members of Congress who spoke during yesterday’s CUNA Governmental Affairs Conference (GAC) closing session. Royce reminded credit unions of the importance of the Credit Union Regulatory Improvements Act (CURIA), saying he intends to get that bill passed. Royce pledged to his credit union audience that “we’re going to continue efforts until the job is done.” He added, “I want to remind people that we don’t want the government to be an obstacle of economic growth.” The impact of credit unions is great—they pool resources that create liquidity, Royce said, noting that he has seen how credit unions in third-world countries have helped build a stable and safe financial system.


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